Dear Justin,

From an ideological perspective there are, there is Gemini Dollar and USDC, both of which are run by companies voluntarily complying with SEC regulations and which both work closely with regulators to ensure compliance.

But and this is a big BUT, for practical purposes, USDT or Tether has no real alternatives simply because of the volume with which USDT can be traded with.

Tether, like it or not, is still one of the most liquid stablecoins available in the cryptocurrency markets today and its close relationship with Bitfinex, one of the largest Bitcoin markets in the world means that interchangeability remains on a level unsurpassed by any other stablecoin.

So the answer is both “yes” and “no,” unfortunately.

Hope this helps.

Yours,

Patrick